CLEVELAND, May 1, 2003 (PRIMEZONE) -- NextMED Systems, a provider of medical practice management software and claims-management services, and the Academy of Medicine of Cleveland/Northern Ohio Medical Association (AMC/NOMA) today announced that they have entered into a partnership agreement.
Under this agreement, the Academy will offer its physician members the opportunity to purchase NextMED's practice management tools at a discounted price.
The NextMED service is designed to improve collections and save money and time for physician practices. By providing accurate and appropriate data to third-party payers, NextMED greatly reduces rejected and disputed claims, thus simplifying billing procedures.
"In today's environment, where physicians are faced with increasing costs and reductions in reimbursement for services, this type of program, which simplifies practice management procedures and makes office management more efficient, should be welcomed by our members," said Elayne Biddlestone, Executive Vice President and Chief Executive Officer of AMC/NOMA. "That's the goal of this partnership agreement."
NextMED's proprietary tools, which enhance revenue collection and streamline operations, have been shown to improve practice cash flow, resulting in near-term bottom line improvement of 6% to 8%.
"Most practices have much to gain from using NextMED," says David Shute, President and CEO of NextMED. "Clients benefit from our sizable investment in sophisticated tools that enhance collections and help level the playing field between the physicians and the payors."
Included in the NextMED program for AMC/NOMA members are:
-- Practice Management Software -- NextMED offers several
market-recognized, quality brands;
-- Coding Advisor(tm), which provides current and accurate coding and
compliance information, reducing denied claims and cutting the
time for claims reimbursement by as much as 50 percent;
-- Business Performance Specialists, who regularly meet with the
practice, monitor key indicators, and share insights on issues,
local payors, process improvement needs, etc.
About NextMED Systems, Inc.
NextMED Systems, Inc. provides outsourced billing and claims management services to the outpatient care industry. Headquartered in Cleveland, NextMED employs over 200 people in Ohio, Maryland, Virginia and Seattle. Through NextMED's Physician Desktop Manager(tm), users connect to NextMED's products and services via a secure private network environment. Services also include an integrated suite of software-based business and clinical applications, as well as analytical and decision support tools that are available at physicians' desktops. NextMED can be contacted at (216) 674-0511 or www.nextmedsystems.com.
About the Academy of Medicine of Cleveland/Northern Ohio Medical Association (AMC/NOMA)
The Academy of Medicine of Cleveland/Northern Ohio Medical Association is Northeastern Ohio's professional Medical Association, a non-profit, 501 (c) 6 professional organization, representing Northeastern Ohio's medical community through legislative action, community outreach programs and other services. Headquartered in Cleveland, AMC/NOMA has advocated for patients and physicians for almost 180 years. Today, the organization continues its mission to "support physicians in being strong advocates for all patients to promote the practice of the highest quality of medicine." Additional information regarding the AMC/NOMA may be found at www.amcnoma.org.